Civic Intelligence

Way to Grow

990 • Fiscal year 2014 • EIN 71-0956749

Jan 01, 2014 to Dec 31, 2014 • Filed on May 20, 2015

125 West BroadwayRoom/Suite 110Minneapolis, MN 55411

(612) 874-4743

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.10x

Higher debt load relative to assets than 49% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

37th percentile

0.06x

Higher debt load relative to revenue than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

62nd percentile

7.3%

Higher net margin than 62% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

85th percentile

$153,923

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

80th percentile

17%

Faster asset growth than 80% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

24th percentile

-7.9%

Faster revenue growth than 24% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,371,456

Up $202,049 (+17%) from 2013

Net Assets

Up

$1,231,699

Up $177,460 (+17%) from 2013

Liabilities

Up

$139,757

Up $24,589 (+21%) from 2013

Revenue

Down

$2,442,965

Down $210,639 (-7.9%) from 2013

Expenses

Down

$2,265,505

Down $12,364 (-0.5%) from 2013

Net Income

Down

$177,460

Down $198,275 (-53%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $515,575Liabilities 2010: $223,869Net Assets 2010: $291,7062010Assets 2013: $1,169,407Liabilities 2013: $115,168Net Assets 2013: $1,054,2392013Assets 2014: $1,371,456Liabilities 2014: $139,757Net Assets 2014: $1,231,6992014Assets 2015: $1,347,319Liabilities 2015: $113,800Net Assets 2015: $1,233,5192015Assets 2016: $1,151,600Liabilities 2016: $95,724Net Assets 2016: $1,055,8762016Assets 2017: $1,339,864Liabilities 2017: $93,336Net Assets 2017: $1,246,5282017Assets 2018: $2,104,666Liabilities 2018: $125,876Net Assets 2018: $1,978,7902018Assets 2019: $4,159,537Liabilities 2019: $1,319,131Net Assets 2019: $2,840,4062019Assets 2021: $5,245,632Liabilities 2021: $1,141,759Net Assets 2021: $4,103,8732021

Highlighted filing

2014

Assets$1,371,456
Liabilities$139,757
Net Assets$1,231,699

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,093,2872010Revenue 2013: $2,653,604Expenses 2013: $2,277,869Net Income 2013: $375,7352013Revenue 2014: $2,442,965Expenses 2014: $2,265,505Net Income 2014: $177,4602014Revenue 2015: $2,378,863Expenses 2015: $2,377,043Net Income 2015: $1,8202015Revenue 2016: $2,288,129Expenses 2016: $2,465,772Net Income 2016: -$177,6432016Revenue 2017: $2,673,297Expenses 2017: $2,482,645Net Income 2017: $190,6522017Revenue 2018: $3,510,810Expenses 2018: $2,778,548Net Income 2018: $732,2622018Revenue 2019: $3,744,607Expenses 2019: $2,882,991Net Income 2019: $861,6162019Revenue 2021: $3,493,274Expenses 2021: $3,163,393Net Income 2021: $329,8812021

Highlighted filing

2014

Revenue$2,442,965
Expenses$2,265,505
Net Income$177,460
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 20, 2015
Return Version
2014v5.0
Gross Receipts
$2,597,564
Mission and Program Overview

Mission

Help diverse families prepare children for school success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$513,533$559,604▲ $46,071
Cash and Non-Interest-Bearing Accounts$395,628$400,912▲ $5,284
Accounts Receivable$140,180$278,562▲ $138,382
Land, Buildings, and Equipment, Net$72,850$82,818▲ $9,968
Prepaid Expenses and Deferred Charges$36,310$38,654▲ $2,344
Total Assets$1,169,407$1,371,456▲ $202,049
Other Assets Total$10,906$10,906→ $0
Liabilities
Other Liabilities$85,169$114,331▲ $29,162
Accounts Payable and Accrued Expenses$29,999$25,426▼ $4,573
Total Liabilities$115,168$139,757▲ $24,589
Net Assets / Fund Balance
Temporarily Rstr Net Assets$715,967$778,433▲ $62,466
Unrestricted Net Assets$338,272$453,266▲ $114,994
Total Net Assets Fund Balance$1,054,239$1,231,699▲ $177,460
Total Liabilities and Net Assets / Fund Balance$1,169,407$1,371,456▲ $202,049

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$82,818$188,697$271,515
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolyn SmallwoodExec DirectorFT$146,123$7,800$153,923

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,089,720
Program Service Revenue
$1,390,760
Investment Income
$187
Other Revenue
$-37,702
All Other Contributions
$915,192
Change in Net Assets
$177,460

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table135$41,643Selling Price/cost
Total Noncash Contributions135$41,643-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,442,965
Total Revenue per Audited Statements
$2,442,965
Total Revenue per Form 990
$2,442,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,709,213
Other Expenses$483,639
Total Fundraising Expense$314,524
Professional Fundraising Fees$72,653
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,130,456$104,882$165,229$1,400,567
Other Employee Benefits$133,389$4,405$18,394$156,188
Payroll Taxes$126,803$9,628$16,027$152,458
All Other Expenses$65,536$21,219$14,744$101,499
Fees for Services Professional Fundraising--$72,653$72,653
Depreciation Depletion$23,838$3,179$4,768$31,785
Travel$26,563$2,537$282$29,382
Other Expenses$23,577$4,763$18,861$28,340
Insurance$11,137$1,485$2,227$14,849
Fees for Services Accounting-$13,725-$13,725
Conferences and Meetings$202$7,216$1,339$8,757
Interest-$1,322-$1,322
Fees for Services Legal-$900-$900
Total Functional Expenses$1,773,313$177,668$314,524$2,265,505

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,265,505
Total Expenses per Audited Statements$2,265,505
Total Expenses per Form 990$2,265,505
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$154,599
Fundraising Gross Income$116,897
Professional Fundraising Fees$72,653

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$291,425$116,897$62,197$54,700
Total Events$291,425$116,897$154,599$-37,702
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Salaries$78,492
Accrued Vacation$35,839
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of this return is reviewed by the finance committee of the board of directors. Then it is distributed to the board of directors for review and discussion. After the board of directors has reviewed the document, it is filed.

Form 990, Page 6, Part VI, Line 12C

Way to grow monitors and enforces the conflict of interest policy as needed.

Form 990, Page 6, Part VI, Line 15A

The executive committee of the way to grow board of directors uses a process for determining compensation for the ceo that included all of the following elements: review and approval by the executive committee of the board of directors, the members of which are independent and without a conflict of interest as defined in regulation section 53.4958-6(c)(1)(iii), use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations, contemporaneous documentation, substantiation and recordkeeping with respect to deliberations and decisions regarding the compensation arrangement the above described process and an assessment is performed at least annually for the ceo. The executive committee reviews and approves all compensation changes of the ceo in advance of the change.

Form 990, Page 6, Part VI, Line 15B

All employees, key or otherwise are given a performance review annually and any salary adjustments are based on a formula within the review format. The performance review is given by their supervisor & approved by the executive director. The director's receive reviews by the executive director, and the executive directors receives her review by the board.

Form 990, Page 6, Part VI, Line 19

All governing documents of the organization, including federal form 990, conflict of interest policy and financial statements can be reviewed by contacting: way to grow at 125 west broadway, 110, minneapolis, mn 55411.

Filing and Contact Details

Filer

Filer Name
Way to Grow
EIN
71-0956749
Phone
6128744743
Address
125 WEST BROADWAY, ROOM/SUITE 110, MINNEAPOLIS, MN 55411

Signing Officer

Name
Carolyn Smallwood
Title
Executive Director
Phone
6128744743
Signed
2015-05-20

Organization Details

Voting Board Members
17
Independent Board Members
17
Employees
47
Volunteers
169

Preparer

Firm
Hinrichs & Associates Ltd
Address
1000 SHELARD PARKWAY SUITE 110, MINNEAPOLIS, MN 55426
Preparer
Anthony J Hinrichs
Phone
9525428010
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Families who live in poverty and are at risk of health disparities and educational inequities. In 2013, we provided 12,442 home visits to 2,346 participants (1,331 children and 1,015 adults). Way to grow initially served expectant parents and mothers and fathers of children birth to age 5. In 2006, way to grow formalized its teen parent program to improve opportunities for parents (ages 15 - 21) and their children to help educate and prepare them for a successful life; and in 2009, we launched great by 8, expanding our successful and statistically proven home-visiting model to include children from kindergarten (age 6) through 3rd grade (age 8). In 2014, we opened a parent-child program for preschool-aged children and their families, called p.a.l.s. (parent child activities lead to school readiness), operated in partnership and on the campus of urban ventures; modeled after our nationally accredited, 4-star parent aware rated preschool pals program. Way to grow partners with the minneapolis public schools (mps) and charter schools to teach parents the core standards their children need to graduate from high school, and be college and career ready. Way to grow continues to develop outcome-based, year-round, multi-year, culture-to-culture, language-to-language programming to best serve our clients. Way to grow's home visiting staff is collectively fluent in 7 languages and culturally reflects the children and families we serve. Programming is implemented primarily through home visits; we educate families on literacy development, math, health and nutrition. Our holistic, innovative approach begins with the parents to stabilize their family and connect them to basic needs services (housing, food, clothing, medical services) so families can achieve success in our other program areas. The key to our success is building solid relationships with the families through home visits, center and community-based classes, while working to provide information and skills to encourage and facilitate their child's learning. Way to grow has made great progress toward our goal of achieving school-readiness and a healthy start for our participants. We work together with our long-time partner minneapolis public schools (mps) to provide innovative approaches, to increase our impact by serving families with the greatest need. Way to grow staff is collectively fluent in 7 languages and culturally reflects the children and families we serve. Since implementing our programming, the number of children deemed "kindergarten-ready" has been sustained at 80% since 2010 - up from 38% in 2006. This outcome continues to improve, with 2013 results showing that 88% of students enrolled in way to grow programming are ready for kindergarten - an 8% improvement over last year's results. Further, 100% of our center-based preschool pals students are deemed ready for kindergarten. Way to grow children have also made great strides in reaching grade level literacy benchmarks. During the 2012-2013 school year, 73% of elementary students met or exceeded standards on mca-preparedness exams; and 71% of elementary students were reading at or above grade level. In comparison, in 2012, only 72% of children entering mps were deemed ready for kindergarten and 58% of mps elementary students were proficient in reading (oneminneapolis, 2012).

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IRS990/Desc0WAY TO GROW BEGAN IN 1989 WORKING WITH EXPECTANT PARENTS AND MOTHERS AND FATHERS OF YOUNG CHILDREN BIRTH TO AGE 5. OUR FOUNDERS HAD A VISION TO CREATE COMMUNITIES IN WHICH IMPROVED LITERACY, EFFECTIVE PARENTING, AND HEALTHY CHILDREN AND FAMILIES ARE THE NORM, NOT THE EXCEPTION. WE HAVE SOUGHT TO REVERSE NEGATIVE EDUCATIONAL TRENDS IN MINNEAPOLIS BY BUILDING TRUSTED, COMMUNITY-BASED EDUCATIONAL SUPPORTS FOR PARENTS AND THEIR CHILDREN THROUGH AN INNOVATIVE HOME-VISITING MODEL. WAY TO GROW SERVES MORE THAN 2,200 PARTICIPANTS ANNUALLY FROM LOW-INCOME FAMILIES WITH CHILDREN BIRTH TO AGE 8. WE HAVE WORKED ARDUOUSLY TO ENSURE ALL THE CHILDREN WE SERVE ARE READY TO SUCCEED BY PROVIDING CULTURALLY APPROPRIATE, WRAP-AROUND EDUCATIONAL SERVICES THROUGH HOME VISITS AND CENTER-BASED PROGRAMMING FOR FAMILIES WHO LIVE IN POVERTY AND ARE AT RISK OF HEALTH DISPARITIES AND EDUCATIONAL INEQUITIES. IN 2013, WE PROVIDED 12,442 HOME VISITS TO 2,346 PARTICIPANTS (1,331 CHILDREN AND 1,015 ADULTS). WAY TO GROW INITIALLY SERVED EXPECTANT PARENTS AND MOTHERS AND FATHERS OF CHILDREN BIRTH TO AGE 5. IN 2006, WAY TO GROW FORMALIZED ITS TEEN PARENT PROGRAM TO IMPROVE OPPORTUNITIES FOR PARENTS (AGES 15 - 21) AND THEIR CHILDREN TO HELP EDUCATE AND PREPARE THEM FOR A SUCCESSFUL LIFE; AND IN 2009, WE LAUNCHED GREAT BY 8, EXPANDING OUR SUCCESSFUL AND STATISTICALLY PROVEN HOME-VISITING MODEL TO INCLUDE CHILDREN FROM KINDERGARTEN (AGE 6) THROUGH 3RD GRADE (AGE 8). IN 2014, WE OPENED A PARENT-CHILD PROGRAM FOR PRESCHOOL-AGED CHILDREN AND THEIR FAMILIES, CALLED P.A.L.S. (PARENT CHILD ACTIVITIES LEAD TO SCHOOL READINESS), OPERATED IN PARTNERSHIP AND ON THE CAMPUS OF URBAN VENTURES; MODELED AFTER OUR NATIONALLY ACCREDITED, 4-STAR PARENT AWARE RATED PRESCHOOL PALS PROGRAM. WAY TO GROW PARTNERS WITH THE MINNEAPOLIS PUBLIC SCHOOLS (MPS) AND CHARTER SCHOOLS TO TEACH PARENTS THE CORE STANDARDS THEIR CHILDREN NEED TO GRADUATE FROM HIGH SCHOOL, AND BE COLLEGE AND CAREER READY. WAY TO GROW CONTINUES TO DEVELOP OUTCOME-BASED, YEAR-ROUND, MULTI-YEAR, CULTURE-TO-CULTURE, LANGUAGE-TO-LANGUAGE PROGRAMMING TO BEST SERVE OUR CLIENTS. WAY TO GROW'S HOME VISITING STAFF IS COLLECTIVELY FLUENT IN 7 LANGUAGES AND CULTURALLY REFLECTS THE CHILDREN AND FAMILIES WE SERVE. PROGRAMMING IS IMPLEMENTED PRIMARILY THROUGH HOME VISITS; WE EDUCATE FAMILIES ON LITERACY DEVELOPMENT, MATH, HEALTH AND NUTRITION. OUR HOLISTIC, INNOVATIVE APPROACH BEGINS WITH THE PARENTS TO STABILIZE THEIR FAMILY AND CONNECT THEM TO BASIC NEEDS SERVICES (HOUSING, FOOD, CLOTHING, MEDICAL SERVICES) SO FAMILIES CAN ACHIEVE SUCCESS IN OUR OTHER PROGRAM AREAS. THE KEY TO OUR SUCCESS IS BUILDING SOLID RELATIONSHIPS WITH THE FAMILIES THROUGH HOME VISITS, CENTER AND COMMUNITY-BASED CLASSES, WHILE WORKING TO PROVIDE INFORMATION AND SKILLS TO ENCOURAGE AND FACILITATE THEIR CHILD'S LEARNING. WAY TO GROW HAS MADE GREAT PROGRESS TOWARD OUR GOAL OF ACHIEVING SCHOOL-READINESS AND A HEALTHY START FOR OUR PARTICIPANTS. WE WORK TOGETHER WITH OUR LONG-TIME PARTNER MINNEAPOLIS PUBLIC SCHOOLS (MPS) TO PROVIDE INNOVATIVE APPROACHES, TO INCREASE OUR IMPACT BY SERVING FAMILIES WITH THE GREATEST NEED. WAY TO GROW STAFF IS COLLECTIVELY FLUENT IN 7 LANGUAGES AND CULTURALLY REFLECTS THE CHILDREN AND FAMILIES WE SERVE. SINCE IMPLEMENTING OUR PROGRAMMING, THE NUMBER OF CHILDREN DEEMED "KINDERGARTEN-READY" HAS BEEN SUSTAINED AT 80% SINCE 2010 - UP FROM 38% IN 2006. THIS OUTCOME CONTINUES TO IMPROVE, WITH 2013 RESULTS SHOWING THAT 88% OF STUDENTS ENROLLED IN WAY TO GROW PROGRAMMING ARE READY FOR KINDERGARTEN - AN 8% IMPROVEMENT OVER LAST YEAR'S RESULTS. FURTHER, 100% OF OUR CENTER-BASED PRESCHOOL PALS STUDENTS ARE DEEMED READY FOR KINDERGARTEN. WAY TO GROW CHILDREN HAVE ALSO MADE GREAT STRIDES IN REACHING GRADE LEVEL LITERACY BENCHMARKS. DURING THE 2012-2013 SCHOOL YEAR, 73% OF ELEMENTARY STUDENTS MET OR EXCEEDED STANDARDS ON MCA-PREPAREDNESS EXAMS; AND 71% OF ELEMENTARY STUDENTS WERE READING AT OR ABOVE GRADE LEVEL. IN COMPARISON, IN 2012, ONLY 72% OF
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